Posted by: Sandy Steinman | December 31, 2021

Preservation Contributes to the Economy

from the National Park Service

Did you know the Federal Historic Preservation Tax Incentives Program contributed more than $13.8 billion in goods and services to the U.S. economy and added $7 billion to the gross domestic product in 2020? This program provides a 20% federal tax credit to property owners who substantially rehabilitate a historic building, while maintaining its historic character.
The historic tax credit program supports community revitalization, job creation, affordable housing, and small businesses across the country. Rehabilitation of Boise’s Forty-Four & Sixty-Six Service Station, once a beacon of mid-century auto-oriented design, was completed in 2020 and qualifies for a federal historic tax credit. Learn more about this success story and the economic impact of this program at: https://www.nps.gov/orgs/1207/htc-economic-report-2020.htm.

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